The rankings were compiled by Arthur B. Laffer, Stephen Moore and Jonathan Williams. Laffer is a conservative economist who gained prominence as an adviser to President Ronald Reagan. Moore is a noted conservative economist who has served on the Wall Street Journal’s editorial board and is currently the chief economist of the Heritage Foundation. And Williams is a senior ALEC staffer
The rankings are calculated by averaging how each state ranks along 15 variables, such as tax burdens, top marginal rates and minimum wage levels.